A home that is for sale. The housing bubble is discussed in session 6. (Image courtesy of the California Department of Real Estate.)
Instructor(s)
Prof. Frank Levy
MIT Course Number
11.203
As Taught In
Fall 2010
Level
Graduate
Course Description
Course Features
Course Description
Microeconomics will ground you in - surprise - basic microeconomics-how markets function, how to think about allocating scarce resources among competing uses, what profit maximizing behavior means in industries with different numbers of competitors, how technology and trade reshapes the opportunities people face, and so on. We will apply economic ideas to understand current economic problems, including the housing bubble, the current unemployment situation (particularly for high school gradutes), how Google makes its money and why healthcare costs are rising so fast.
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